+ Less Than 1.5% of NY Banks Service Cannabis
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Cannabis and Debanking | Senate Banking Committee Witness Urges Members to Improve, Pass SAFE Banking Act | Aaron Klien, of the Brookings Institute, told lawmakers that legislation for the cannabis industry needs to address ‘costly and unproductive’ SAR filings. More >>> |
Pennsylvania's Divide | Pennsylvania Governor Calls for Cannabis Legalization in Budget Address: ‘Let’s Get It Done’ | Gov. Josh Shapiro called on state lawmakers to legalize adult-use cannabis in the commonwealth, saying taxation and regulation are long overdue. More >>> |
Florida's Chances: 2026 | Florida Supreme Court Will Reject 2026 Cannabis Legalization Proposal, Governor Predicts | Gov. Ron DeSantis said a new measure, sponsored by the same committee that oversaw 2024’s failed initiative, won’t survive judicial review. More >>> |
Limited Access | Less Than 1.5% of New York’s Banks, Credit Unions Service Cannabis Industry | The state launched a cannabis banking directory for the industry, but the list of financial institutions is limited. More >>> |
New Highs | Illinois Sets Record 2 Billion Dollars in Cannabis Sales in 2024 | The Prairie States’ retail market grew 2.5% year-over-year, but sales attributed to out-of-state customers are down 20% since 2022. More >>> |
More Sales, Less Revenue | Falling Cannabis Prices Meant Less Revenue for Arkansas Dispensaries in 2024 | The state’s licensed retailers sold 21.5% more pounds of medical cannabis in 2024 than in 2023, but revenue shrank 2.5%. More >>> |
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